D.B. Root & Company LLC Trims Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

D.B. Root & Company LLC trimmed its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,129 shares of the auto parts company’s stock after selling 942 shares during the period. D.B. Root & Company LLC’s holdings in Douglas Dynamics were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC grew its stake in Douglas Dynamics by 20,250.0% in the second quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 2,835 shares during the period. Blue Trust Inc. purchased a new stake in shares of Douglas Dynamics in the second quarter worth $100,000. SG Americas Securities LLC purchased a new stake in shares of Douglas Dynamics in the second quarter worth $117,000. Point72 Asset Management L.P. grew its stake in shares of Douglas Dynamics by 113.6% in the second quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after acquiring an additional 3,636 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Douglas Dynamics in the first quarter worth $196,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Trading Up 9.0 %

Douglas Dynamics stock opened at $25.75 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $31.39. The stock has a market capitalization of $594.57 million, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. The business’s fifty day moving average is $26.58 and its 200 day moving average is $25.43.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.295 per share. The ex-dividend date was Monday, September 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.58%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 51.30%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird cut their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.